Rating History: Muhammad Shafi Tanneries (Pvt) Ltd
| Company Name | Date | Rating Type | Long Term | Short Term | Outlook/Rating Watch | Action | 
|---|---|---|---|---|---|---|
| 
                                    Muhammad Shafi Tanneries (Pvt) Ltd
                                    
                                 | 06/24/2025 | Entity | BBB+ | A2 | Stable | Reaffirmed | 
| 
                                    Muhammad Shafi Tanneries (Pvt) Ltd
                                    
                                 | 04/30/2025 | Entity | Suspended | |||
| 
                                    Muhammad Shafi Tanneries (Pvt) Ltd
                                    
                                 | 04/10/2025 | Entity | BBB+ | A2 | Stable | Under Review | 
| 
                                    Muhammad Shafi Tanneries (Pvt) Ltd
                                    
                                 | 03/05/2024 | Entity | BBB+ | A2 | Stable | Reaffirmed | 
| 
                                    Muhammad Shafi Tanneries (Pvt) Ltd
                                    
                                 | 05/09/2023 | Entity | BBB+ | A2 | Stable | Reaffirmed | 
| 
                                    Muhammad Shafi Tanneries (Pvt) Ltd
                                    
                                 | 05/19/2022 | Entity | BBB+ | A2 | Stable | Downgrade | 
| 
                                    Muhammad Shafi Tanneries (Pvt) Ltd
                                    
                                 | 07/26/2021 | Entity | A- | A2 | Negative | Maintained | 
| 
                                    Muhammad Shafi Tanneries (Pvt) Ltd
                                    
                                 | 06/30/2020 | Entity | A- | A2 | Rating Watch - Developing | Maintained | 
| 
                                    Muhammad Shafi Tanneries (Pvt) Ltd
                                    
                                 | 05/02/2019 | Entity | A- | A2 | Negative | Maintained | 
| 
                                    Muhammad Shafi Tanneries (Pvt) Ltd
                                    
                                 | 01/26/2018 | Entity | A- | A2 | Stable | Reaffirmed | 
| 
                                    Muhammad Shafi Tanneries (Pvt) Ltd
                                    
                                 | 06/17/2015 | Entity | A- | A2 | Stable | Reaffirmed | 
| 
                                    Muhammad Shafi Tanneries (Pvt) Ltd
                                    
                                 | 05/20/2014 | Entity | A- | A2 | Stable | Upgrade | 
| 
                                    Muhammad Shafi Tanneries (Pvt) Ltd
                                    
                                 | 03/18/2013 | Entity | BBB+ | A3 | Stable | Reaffirmed | 
| 
                                    Muhammad Shafi Tanneries (Pvt) Ltd
                                    
                                 | 02/01/2012 | Entity | BBB+ | A3 | Stable | Initial |